GOODS & SERVICE TAX

CHEIF BUSINESS MENTOR

Hello,

We aware indirect taxation ambit - sales and service combined together with VAT + ST (new form GST) for goods and services in next FY 2012-12 likely to be implemented in India if -

a) A person is service provider of Photography professional / business is required for ST.

b) But the same person is purchase raw material and consumable for their services like this is also required for VAT.

What is the best way shall we wait for GST or applied for service tax and vat registration repectively in this Fiscal and after implemention its clubbed both registration automatically.

Can anyone clarifiy the situation of GST especially for service provider upto 10.00 lacs (small) at this stage.

With Regards,

Santosh Bajpai

 
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advocate & tax consultant

Dear Santosh

Do not wait for passing GST Bill, if your business TO limit exceeds the liability under Service tax and VAT Act. It is better to apply for registration through your best advocate.

 
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